Bitcoin ETFs See $268M Outflows as Markets Eye New Fed Chair Appointment

Key Facts

U.S. spot Bitcoin ETFs experienced a sharp reversal as net outflows reached $134 million over two consecutive days, bringing the recent total to $268 million. This shift comes as Bitcoin's price struggles to maintain its footing above the $80,000 level amid technical resistance. However, market speculation is mounting that the appointment of a new Federal Reserve chair could serve as a catalyst to restore the crypto rally. While institutional sentiment faced a temporary setback, on-chain data indicates that 'whales' continue to accumulate BTC during the dip. Meanwhile, Ethereum ETFs remain under pressure with $103.52 million in outflows, leaving investors focused on whether a macro-political shift at the Fed can push Bitcoin past the $82,250 resistance mark.

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